FxWirePro: Aussie rises against major peers after financial stability report
AUD/NZD is currently trading around 1.0534 marks. Pair made intraday high at 1.0536 and low at 1.0506 marks. Intraday bias remains bullish till the time pair holds key support at 1.0506 mark. A sustained close above 1.05…
Pair made intraday high at 1.0536 and low at 1.0506 marks.
Intraday bias remains bullish till the time pair holds key support at 1.0506 mark.
A sustained close above 1.0506 will drag the parity higher towards key resistances at 1.0560/1.0597/1.0652/1.0705/1.0802/1.0945/1.1072 levels respectively.
Alternatively, a daily close below 1.0506 will take the parity down towards key supports around 1.0443/1.0380/1.0305 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
Australia's S&P/ASX 200 index up 0.23 pct at 5,828.90 points in early trade.
New Zealand March manufacturing PMI decrease to 52.2 vs previous 53.4.